Dumont & Blake Investment Advisors LLC Has $755,000 Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Dumont & Blake Investment Advisors LLC cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 50.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,851 shares of the industrial products company’s stock after selling 6,923 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Stanley Black & Decker by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after buying an additional 1,250,925 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Stanley Black & Decker by 8.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after buying an additional 212,103 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Stanley Black & Decker by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock valued at $158,501,000 after purchasing an additional 118,927 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after purchasing an additional 267,013 shares during the last quarter. Finally, Cooke & Bieler LP raised its position in shares of Stanley Black & Decker by 4.8% in the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock valued at $121,867,000 after purchasing an additional 69,850 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK traded down $0.34 during mid-day trading on Friday, reaching $102.55. The company had a trading volume of 16,294 shares, compared to its average volume of 1,373,465. The company’s 50 day simple moving average is $103.35 and its 200 day simple moving average is $93.58. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of -53.04, a P/E/G ratio of 2.78 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1-year low of $76.57 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the business posted ($0.11) earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts expect that Stanley Black & Decker, Inc. will post 4.18 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.20%. Stanley Black & Decker’s payout ratio is -169.07%.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research reports. Barclays upped their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. UBS Group raised their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut their price target on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.13.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.